Bitcoin Soars to New All-Time High of $111,000 as Whale’s 40x Leveraged Position Hits $1.14 Billion

COINOTAG reports that on May 22, Bitcoin has surpassed the critical threshold of $111,000, marking a significant milestone in its price trajectory. This surge comes as leading whale investor James Wynn capitalizes on his substantial 40x leveraged long position on Hyperliquid, which now boasts a staggering $1.14 billion in value. The position specifics reveal an entry price of $108,065 and a liquidation threshold set at $103,770. With an unrealized profit and loss (PnL) amounting to $40 million, this recent market fluctuation underscores the growing interest in Bitcoin and the potential implications for investors navigating the evolving landscape of cryptocurrency. This robust increase not only reflects the volatility inherent in crypto markets but also signifies the ascent of institutional investments driving price momentum.